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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: zonder who wrote (275536)1/29/2004 9:09:50 AM
From: sammaster  Read Replies (3) of 436258
 
rates were 12% in 1980 while gold hit $800.... gold kept going up even as interest rates rose...
fear of uncontrolled inflation....

its not so much the absolute interest rate as the fear of inflation...or the fear that their currency will become worthless...
the way the world is printing money to keep their currencies weak and their economies alive it seems to be inflationary for now
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